More than $2billion in loans restructured from March
The banking sector saw loan restructuring of $2.16 billion covering 44,500 accounts as of June this year, according to a report from the Association Banks of Cambodia (ABC). ...
Sok Chan
https://www.khmertimeskh.com/50754440/more-than-2billion-in-loans-restructured-from-march/
GDI approves guidelines for residence registration
The Ministry of Interior’s General Department of Identification (GDI) has approved a guideline to pave the way for easier and faster residence registration and management. ...
Khmer Times Staff
https://www.khmertimeskh.com/50746697/gdi-approves-guidelines-for-residence-registration/
NBC head underscores value of women’s access to finance
Unlocking greater access to formal finance for Cambodian women will play a strategic role in the process of the Kingdom’s economic development, National Bank of Cambodia (NBC) director-general Chea Serey said on Monday. She said this at the Training on the Trainers (ToT) Programme on Financial ...
May Kunmakara
https://www.phnompenhpost.com/business/nbc-head-underscores-value-womens-access-finance
$2.7 million of investment welcome in times of need
Logwood Apparel Co Ltd has been given the go-ahead from the Council for the Development of Cambodia (CDC) to build a factory in Kandal Stung district, Kandal province. The newly-approved project with a total investment of $2.7 million covers the production of clothes and medical ...
Jason Boken
https://www.khmertimeskh.com/50764132/2-7-million-of-investment-welcome-in-times-of-need/
Cambodia continues to draw FDI despite loss of EBA with another four investment projects worth $37.6 million
The Council for the Development of Cambodia (CDC) has given the green light to four more investment projects with a total investment capital of $37.6 million. According to the council’s press release issued Friday, the projects newly approved are expected to create some 6,338 jobs ...
Phal Sophanith/AKP
https://www.khmertimeskh.com/50776597/cambodia-continues-to-draw-fdi-despite-loss-of-eba-with-another-four-investment-projects-worth-37-6-million/
CDC gives nod to 13th beverage plant
The Council for the Development of Cambodia (CDC) on December 4 announced that it had issued a final registration certificate for Inter-Mattrid Beverage (Cambodia) Co Ltd’s $78 million brewery/beverage plant. ...
Thou Vireak
https://www.phnompenhpost.com/business/cdc-gives-nod-13th-beverage-plant
CDC okays new $13M projects
The government approved three projects worth a total of $13.5 million last week, bringing the total number of projects in the first three weeks of this month to nine with total investment value of $1.1354 billion, the Council for the Development of Cambodia (CDC) said ...
Hin Pisei
https://www.phnompenhpost.com/business/cdc-okays-new-13m-projects
Two investment projects approved by CDC
The two new projects, with a total investment capital of $6.4 million, will be located in Khan Pursenchey, Phnom Penh capital, and Samrong district, Takeo province, pointed out the CDC in an announcement issued this afternoon. The newly-approved projects are expected to create some 2,571 ...
Phal Sophanith/AKP
https://www.khmertimeskh.com/50797186/two-investment-projects-approved-by-cdc/
Cambodia-Malaysia double tax agreement now in effect
The double tax avoidance agreement (DTA) between Cambodia and Malaysia came into effect on January 1, ushering in optimism and hope in the private sector that bilateral investment will garner steam. Royal Code NS/RKM/1120/023, dated November 14, 2020, promulgated the “Law on the Approval of ...
Thou Vireak
https://www.phnompenhpost.com/business/cambodia-malaysia-double-tax-agreement-now-effect
A $7.8 million garment factory project approved by CDC
Council for the Development of Cambodia (CDC) has approved a new investment project with a total capital of $7.8 million in Takeo province. According to the CDC’s press release issued this afternoon, invested by HC Global Textile Co., Ltd., the newly approved project is expected ...
Phal Sophanith/AKP
https://www.khmertimeskh.com/50804809/a-7-8-million-garment-factory-project-approved-by-cdc/
Three more investment projects valued at more than $15 million approved by CDC
The Council for the Development of Cambodia (CDC) has issued investment certificates to three companies to invest in the production of all kinds of cardboard boxes, light bulbs and their accessories, all kinds of packaging materials, and metal processing. ...
Phal Sophanith/AKP
https://www.khmertimeskh.com/50798738/three-more-investment-projects-valued-at-more-than-15-million-approved-by-cdc/
Rubber production to receive multi-agency effort to improve
WWF-Cambodia and the General Department of Rubber at the Ministry of Agriculture, Forestry and Fisheries (MAFF) signed a memorandum of understanding (MoU) to build a multi-agency partnership for transparent and sustainable natural rubber supply chains in Cambodia. ...
Sok Chan
https://www.khmertimeskh.com/50803833/rubber-production-to-receive-multi-agency-effort-to-improve/
Another new investment project approved by CDC
According to the CDC’s press release made public yesterday, the newly approved investment project is located along the National Road No. 5 in Samaky Meanchey district, Kampong Chhnang province. The project, belonging to Changhui (Cambodia) Handbag MFR, Co., Ltd., is expected to create a total ...
Phal Sophanith/AKP
https://www.khmertimeskh.com/50803937/another-new-investment-project-approved-by-cdc/
Cambodia readies for EU meet on 7-year work plan
The Kingdom is set to host a consultative meeting with EU representatives and partners based in the country next month and prepare a 2021-2027 joint development cooperation plan that centres on market diversification, according to the Council for the Development of Cambodia (CDC). ...
Thou Vireak
https://www.phnompenhpost.com/business/cambodia-readies-eu-meet-7-year-work-plan
CDC approves eight projects so far in March
Cambodia approved eight investment projects worth over $69 million in the first three weeks of this month that are expected to deliver 5,249 jobs, according to a report from the Council for the Development of Cambodia (CDC). ...
Hin Pisei
https://www.phnompenhpost.com/business/cdc-approves-eight-projects-so-far-march
CDC gives nod to 16 projects worth $700M last month
The Council for the Development of Cambodia (CDC) approved 16 capital investment projects last month totalling more than $700 million that are expected to create 11,414 local jobs. ...
May Kunmakara
https://www.phnompenhpost.com/business/cdc-gives-nod-16-projects-worth-700m-last-month
Telecoms association launched
The Association of Telecommunication Operators in Cambodia (ATOC) was officially launched on March 25 in a move to build a united voice in dealing with relevant stakeholders and the Royal Government of Cambodia for the development of the telecommunications industry. ...
May Kunmakara
https://www.phnompenhpost.com/business/telecoms-association-launched
Gov’t revenue exceeds $1.6bn in first quarter
The Cambodian government earned some $1.6 billion in revenue in the first quarter of 2021 from tax and customs. This represents close to a 25 percent increase compared with revenue achieved during the same period in 2020. ...
Chea Vanyuth
https://www.khmertimeskh.com/50837481/govt-revenue-exceeds-1-6bn-in-first-quarter/
A $ 2.3 million cardboard factory project brings January 2021 investments to $24.5 million
The Council for the Development of Cambodia (CDC) has approved a $2.3 million cardboard factory project to be built in Khan Kambol of Phnom Penh. The CDC shared the update in a press release yesterday, adding that the project will create 214 jobs for the ...
Phal Sophanith/AKP
https://www.khmertimeskh.com/50806645/a-2-3-million-cardboard-factory-project-brings-january-2021-investments-to-24-5-million/
A $3.1 million garment factory project in Takeo province to create more than 700 jobs
A $3.1 million garment factory will be built in Bati district of Takeo province, creating 702 jobs for the locals. The update was shared in a press release from the Council for the Development of Cambodia (CDC) yesterday following its approval of the investment project. ...
Phal Sophanith/AKP
https://www.khmertimeskh.com/50807925/a-3-1-million-garment-factory-project-in-takeo-province-to-create-more-than-700-jobs/
